The analysts clarified that the provided data is solely for academic purposes and should not be considered financial guidance. Utilizing the CryptoQuant platform, they scrutinized onchain data to develop an AI model.

For these projections, the AI was fed 376 distinct onchain datasets gathered since 2012.

The researchers assert that the AI model, based on the previous year's onchain data, successfully predicted Bitcoin's price a month ahead.

The analysis suggests that Bitcoin's price is likely to surpass the $70,000 mark in about 25 days. By the end of the 30-day period, the price of Bitcoin could potentially approach an estimated $78,000, as per the analysts' projections.

Current BTC Value: As of the latest update, Bitcoin (BTC) is valued at $64,600, marking a 2% increase over the past week. According to analysts forecasts, it is anticipated that Bitcoin will surpass its previous peak price of around $73,000 once more.

note: This is not financial advice.

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